Colleen Rock's Agent Website | Market Data
Market Data
Market data

New Cannan At a Glance...

Average Sale Price: $1,450,000
Median Sale Price: $1,200,000
Total Annual Sales: 302
Land Area in Square Miles: 22.20
Population: 19,738
Housing Units: 7551
Persons per Household: 2.94
Median Age: 42
Married: 68.1%
Single/Other: 31.9%
Female Population: 51.9%
Male Population: 48.1%
Bachelors Degree or Higher: 76.1%
Graduate Degree or Professional: 33.5%
Median Income: $168,311

INFORMATION SOURCE: US CENSUS 2010

Market Summary: In the first quarter of 2017, closings in New Canaan were up significantly. There were 35% more closings in 2017 vs. 2016 and homes are selling 14% faster. However, the average and median sales prices fell 9% from a year ago. With an absorption rate averaging 18.6%, New Canaan proves to be a strong buyer's market.

What does this all mean? If you're a home buyer in New Canaan, NOW is the time to buy. Click here for home buying strategies. If you're a home seller, position yourself competitively. Click here for home selling strategies.

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